Close Close

Life Health > Life Insurance

LIMRA Finds Gains In Life Revenue

Your article was successfully shared with the contacts you provided.

Even though U.S. individual life insurance sales were down during the first half of the year, individual life premiums collected were up.

The total number of new individual life policies sold was 1% lower in the first half than in the first half of 2006, but the premiums generated by new individual life policy sales increased 2%, according to LIMRA International, Windsor, Conn.

LIMRA researchers have based the first-half life sales estimates on results from a survey of 78 life insurers.

One-third of the participating insurers reported first-half life sales increases of 10% or more, and 15% reported double-digit drops in sales, LIMRA says.

First-half sales were up 3% for universal life, 4% for variable life, 5% for whole life and 8% for term life.

First-half sales were down 8% for variable universal life.


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.